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. >>> and the looming fiscal cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> if congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to avert the country falling off the fiscal cliff. >> let's allow higher rates to go up
are talking again. but that is about the only thing close to progress in efforts to avoid the fiscal cliff. president obama used his weekly address insisting he is ready to make the tough decisions on spending cuts. >> i am willing to make more entitlement spending cuts on top of the one trillion in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach," in his words. if the president does that a lot of things are possible. >>> syrian rebels are battling army units around the capital. activists say 26 people were killed in the damascus suburbs today, while 29 more were killed around the country. meanwhile, the u.s. and other of
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly
days and counting to the country's potential fall off the fiscal cliff. avoiding it will depend on what lawmakers in these two buildings do or don't do. if they do nothing, everyone's taxes go up and automatic spending cuts take effect. still, it appears congress and the president are digging in with no deal in sight. >> if they are going to force hi higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's a choice they're going to have to make. >> this isn't an issue about democrats or republicans. my goodness, this is about our country. >> well, one thing both sides agree on is the government needs to raise more money. how much? how they do it? those are two of the many sticking points and the clock is ticking. >>> a series of suicide car bombings leave five people dead in eastern afghanistan today. inis yo no reports of any u.s. casualties. the taliban has claimed responsibility for the attacks. >>> and in wyoming a college teacher may have saved the lives of several of his students. authorities are praising the instruct
america for years to come. for that, we need a dea to avertthe fiscal cliff. let me know what you think. you can find me on facebook or tweet me. my handle is @ali velshi. have a great weekend. >>> you're in the "cnn newsroom." i'm joe johns. fredricka whitfield is off. u.s. investigators are looking into whether a man detained in egypt played a role in the attacks on the u.s. consulate in benghazi. egyptian authorities have detained muhammad abu ahmed. he's a well known jihadist who was released from prison after the downfall of former president hosni mubarak's regime.diotti i york. what do we know about the arrest of the aleng ledged terrorist suspect? >> he was picked up a couple weeks ago in ejimegyegypt. joous authorities suspect he may have been involved in the consulate attack in benghazi on september 11th that killed chris stephens and three other americans with direct knowledge of the investigation. the u.s. source tells me the fbi which is conducting the investigation, has not had access to him yet. the source says following the attack, ahmed very quickly popped up on their ra
Search Results 0 to 4 of about 5

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